Core Viewpoint - InnSuites Hospitality Trust (IHT) has reported record hotel revenue levels and strong operational performance for the first three fiscal quarters of 2025, indicating positive growth in the travel industry and the company's financial health [1][4]. Financial Performance - Total revenue for the first three fiscal quarters of 2025 reached approximately $6 million, maintaining record levels [1]. - Combined revenue for the first ten fiscal months of fiscal year 2025 was reported at $6,531,170, reflecting strong operational performance [2]. - The average daily rate (ADR) increased by $4.43, a rise of 4.37%, while revenue per available room (REVPAR) improved by $2.33, or 3.16% [3]. - The trailing 12-month total revenue saw a 5% increase, amounting to approximately $7.7 million [3]. Investment and Diversification - IHT has made a diversification investment in UniGen Power Inc., which focuses on clean energy generation, anticipating a doubling of electricity demand over the next five years due to various market trends [5]. - IHT holds stock, convertible bonds, and warrants in UniGen, potentially leading to a 15-20% ownership stake if fully exercised [5]. - The management believes that the real estate held by IHT is undervalued, contributing to a positive outlook for the company's future [6]. Operational Stability - IHT has achieved three consecutive profitable fiscal years, even after accounting for significant non-cash depreciation expenses [7]. - The company is exploring additional investment opportunities to further enhance its hotel and diversification revenues [7]. Dividend History - Fiscal year 2025 marks the continuation of IHT's uninterrupted annual dividends for 54 years, with semi-annual dividends scheduled for February 5, 2024, and July 31, 2024 [8].

Core Insights - InnSuites Hospitality Trust (IHT) reported record hotel revenue levels in the first half of Fiscal 2025, with total revenue reaching approximately $4.1 million [1] - The combined revenue for the first seven months of Fiscal Year 2025 reached a record $4,660,134, indicating strong hotel operations [2] - The average daily rate (ADR) increased by 4.03% and revenue per available room (REVPAR) rose by 3.16% in the first half of Fiscal 2025, reflecting positive trends in the travel industry [3] Financial Performance - Consolidated net income before non-cash depreciation for the first half of Fiscal 2025 was reported at $14,693 [1] - The trailing 12-month revenue saw a 6% increase compared to the previous 12-month period, showcasing sustained growth [3] - IHT has maintained uninterrupted annual dividends for 54 years, with semiannual dividends paid in February and July 2024 [6] Strategic Investments - In late 2019, IHT diversified its investments by acquiring a stake in UniGen Power Inc., which focuses on clean energy generation, anticipating a doubling of electricity demand over the next five years [4] - IHT holds stock, convertible bonds, and warrants in UniGen, potentially leading to a 20% ownership stake if fully exercised [4] - IHT management believes that the real estate held at book values significantly below current market value, combined with the high profit potential from clean energy diversification, positions the company favorably for the future [5]

Company Overview - InnSuites Hospitality Trust (IHT) is scheduled to hold its Fiscal 2024 Annual Meeting of Shareholders on August 14, 2024, at its corporate offices in Phoenix, Arizona [1] - The company has filed its Fiscal 2024 Proxy on July 3, 2024, and the Annual Report on July 9, 2024 [6] Financial Performance - IHT hotel operations have shown strong performance in the current 2025 Fiscal Year, with record results from both the Tucson Hotel and Albuquerque Hotel for the 2024 Fiscal Year to date [2] - Hospitality revenues for the first five months of Fiscal 2025 have reached all-time record levels, alongside ten consecutive profitable quarters of Consolidated Net Income [3] Dividend Information - On July 9, 2024, IHT announced a semi-annual dividend of $0.01 per share, continuing a 54-year history of uninterrupted annual dividends [9] Strategic Initiatives - The company is progressing with its investment in UniGen Power, Inc., which focuses on high-risk, high-reward clean energy innovations [10] - IHT holds stock, convertible bonds, and warrants in UniGen, potentially leading to a 20% ownership stake upon full conversion/exercise [10]

Core Insights - InnSuites Hospitality Trust (IHT) is experiencing strong performance in its hotel operations, with record results reported for both the Tucson Hotel and Albuquerque Hotel in the current fiscal year [1][3] - The company has achieved all-time record hospitality revenues in the first five months of the 2025 fiscal year and has completed ten consecutive profitable quarters of consolidated net income [3] - IHT's management believes that the real estate held is undervalued compared to current market values, and the diversification into UniGen presents high profit potential despite its associated risks [3] Financial Performance - IHT announced a semi-annual dividend of $0.01 per share, continuing a 54-year history of uninterrupted annual dividends [6] - The company filed its Fiscal 2024 Proxy and Annual Report in July 2024, indicating ongoing transparency and communication with shareholders [7] Diversification Strategy - IHT has invested in UniGen Power, Inc., focusing on clean energy generation innovations, which could lead to a significant ownership stake of approximately 20% upon full conversion of its investments [8] - UniGen's prototype design engineering for its UPI 1000TA engine is substantially complete, and the company is currently seeking additional financing [8]

Core Insights - InnSuites Hospitality Trust (IHT) reported a consolidated net income before non-cash depreciation expense of $259,640 for the first fiscal quarter of 2025, indicating a positive financial performance [1] - The company experienced a total revenue increase to approximately $2.3 million, representing a 4% growth compared to the same period last year [13] - IHT's hotel operations have shown strong results, contributing to a solid start in the current fiscal year, with record revenues from both the Tucson and Albuquerque hotels [14][16] Financial Performance - Total consolidated fiscal first quarter net income remained positive at $86,598, reflecting the company's ongoing profitability [7] - The fiscal year 2025 marks the continuation of IHT's uninterrupted annual dividends for 54 years, with semiannual dividends paid on February 5, 2024, and anticipated for July 31, 2024 [10] Strategic Investments - IHT made a diversification investment in UniGen Power, Inc., a company focused on clean energy generation, which is expected to see increased demand due to the rise of electric vehicles and artificial intelligence [2] - IHT holds convertible bonds and warrants in UniGen, which could lead to an ownership stake of approximately 20% or more if fully exercised [2] Market Outlook - The management of IHT believes that the real estate held on its books is valued significantly below current market value, combined with the high profit potential from clean energy diversification, suggests a bright future for the company [3] - The travel industry, including IHT, continues to grow and thrive, indicating positive market conditions for the company's operations [8]

Core Viewpoint - InnSuites Hospitality Trust (IHT) is experiencing positive growth in the travel industry, with strong hotel operations and promising future prospects due to its investments in clean energy and real estate [1][2][5]. Financial Performance - Total Revenue for the First Fiscal Quarter of 2025 reached approximately $2.3 million, marking a 4% increase from the same period in the previous year [8]. - Consolidated Net Income before non-cash depreciation expense was reported at $259,640 for the same quarter [9]. - IHT hotel operations have shown strong performance, with record results from the Tucson and Albuquerque hotels, contributing to a total revenue of $644,741 for May [5]. Investment and Growth Strategy - IHT has made a diversification investment in UniGen Power, Inc., which is developing a clean energy generation innovation, with the potential for significant profit due to increasing electricity demand [6]. - The management believes that the real estate held by IHT is undervalued compared to current market prices, indicating a bright future for the trust [2]. Shareholder Engagement - The IHT Annual Shareholder Meeting is scheduled for August 14, 2025, at the IHT Corporate Office [3]. Dividend History - IHT has maintained uninterrupted annual dividends for 54 years, with semiannual dividends paid on February 5, 2024, and anticipated for July 31, 2024 [10].

Financial Performance - Total revenue for the three months ended April 30, 2024, was $2,293,970, an increase of 3.98% compared to $2,205,956 for the same period in 2023[12] - Consolidated net income for the three months ended April 30, 2024, was $86,598, a decrease of 81.42% from $465,445 in the prior year[12] - Operating loss for the three months ended April 30, 2024, was $178,429, compared to an operating loss of $186,280 for the same period in 2023[12] - Total operating expenses increased to $2,115,541 for the three months ended April 30, 2024, up from $2,019,676 in the same period last year, marking a rise of 4.74%[12] - The company reported a net loss attributable to controlling interests of $148,550 for the three months ended April 30, 2024, compared to a net income of $236,608 in the prior year[12] - For the Fiscal Year ended January 31, 2024, total revenues increased to approximately $7.5 million, representing a 5% increase from the prior fiscal year's total of $7.1 million[139] - Net income attributable to controlling interests for the same period was $203,880, resulting in earnings per share of $0.02[139] Assets and Liabilities - Total assets decreased to $15,284,425 as of April 30, 2024, down from $15,680,367 as of January 31, 2024, representing a decline of 2.52%[10] - Total liabilities decreased to $12,721,028 as of April 30, 2024, compared to $13,025,455 as of January 31, 2024, a reduction of 2.34%[10] - Total current assets decreased to $2,578,124 as of April 30, 2024, down from $2,981,732 as of January 31, 2024, representing a decline of 13.47%[10] - The total present value of minimum lease payments was $2,249,072, with long-term obligations of $2,223,225[123] - The scheduled minimum payments of debt as of April 30, 2024, totaled approximately $9,655,916, including $9,185,916 in mortgages and $470,000 in other notes payable[104] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were $437,343, down from $1,325,368 at the beginning of the period, reflecting a decrease of 65.92%[18] - The net cash used in operating activities was $(459,417) for the three months ended April 30, 2024, compared to $37,036 provided by operating activities in the same period last year[18] - The Trust had approximately $437,000 in cash and access to $2,250,000 in credit facilities, indicating sufficient liquidity for the next twelve months[32] - The Trust's liquidity is supported by hotel room reservation revenues and management fees, with a cash balance of approximately $437,000 as of April 30, 2024[28] - The Trust has a maximum borrowing capacity of $2,000,000 from a Demand/Revolving Line of Credit, which accrues interest at 7.0% per annum[30] Investments and Assets for Sale - As of April 30, 2024, InnSuites Hospitality Trust owns a 75.89% interest in RRF Limited Partnership, which manages two hotels with a total of 270 suites in Arizona and New Mexico[22] - The Trust's hotels are classified as operating assets but are available for sale, with management open to considering offers[24] - The Trust's investment in UniGen Power Inc. includes approximately $700,000 in note receivables and approximately $300,000 as the fair value of warrants, with a total investment of $1,000,000[71] - The Trust holds warrants to purchase up to 1,500,000 shares of UniGen Class A Common Stock, with exercise prices of $1.00 and $2.25 per share[69] - Upon conversion of the note receivable and exercise of all warrants, the Trust could own approximately 2.5 million UniGen shares, representing about 20% or more of fully diluted UniGen equity[70] Operational Insights - The Trust's principal source of cash is from hotel room reservations and management fees, with a focus on generating sufficient cash flow to meet financial obligations[28] - The Trust's revenue primarily comes from room rentals, food and beverage sales, and management fees, recognized as services are rendered[51] - The Tucson hotel experiences the highest occupancy in the first fiscal quarter, while the Albuquerque hotel is most profitable in the second and third fiscal quarters, indicating seasonal revenue fluctuations[41] - The Trust's operations are affected by seasonality, with the Tucson Hotel experiencing highest occupancy in the first fiscal quarter[41] Management and Governance - The Trust plans to change auditors and transfer agents in the second fiscal quarter of 2024[37] - The Trust has an employee equity incentive plan where independent Board members earn 6,000 fully paid restricted Shares per year, vesting over one year[58] - The Trust's management fees for the hotels are set at 5% of room revenue, with a monthly accounting fee of $2,000 per hotel[110] Advertising and Marketing - Advertising expenses for continuing operations totaled approximately $79,000 for the three months ended April 30, 2024, compared to $82,000 for the same period in 2023, reflecting a decrease of 3.66%[62] Credit and Risk Management - The Trust's maximum credit risk for accounts receivable is estimated at the amount recorded on the balance sheet, with low credit risk for cash and cash equivalents held in creditworthy institutions[63][64] - The Trust's management assesses credit risk for cash and cash equivalents as low, as funds are held in creditworthy financial institutions[63]

Phoenix, AZ, April 19, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE:IHT) IHT management announces Filing an S-3, allowing the potential to offer and sell up to 1,000,000 shares of IHT common stock, without par value ("Common Stock"), of the Company. The S-3 prospectus includes the details as it relates to shares of IHT Common Stock that may be offered and issued from time to time. The amount of gross proceeds received will depend upon the number of shares issued, and the market price of the Co ...

Phoenix, AZ, April 08, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE:IHT) reported continued strong annual results in Fiscal Year 2024, (February 1, 2023, to January 31, 2024), with Total Revenues increasing to approximately $7.5 million, which is an increase of from the same prior Fiscal Year total of $7.1 million. Annual Net Income Attributable to Controlling Interests was $203,880. Earnings Per Share based on this Net Income Attributable to Controlling Interest amount was $0.02. Consolidated ...

Financial Performance - For Fiscal Year 2024, occupancy increased by approximately 1.95% to 75.91% from 73.96% in the prior Fiscal Year[57] - Average Daily Rate (ADR) rose by $1.80, or 1.88%, to $97.46 in Fiscal Year 2024 from $95.66 in Fiscal Year 2023[57] - Revenue Per Available Room (REVPAR) increased by $3.23, or 4.57%, to $73.98 in Fiscal Year 2024 from $70.75 in Fiscal Year 2023[57] - Total revenues for the fiscal year ended January 31, 2024, were approximately $7,484,000, an increase of $339,000 or 5% compared to $7,146,000 for the fiscal year ended January 31, 2023[62] - Room revenues increased by 5% to approximately $7,292,000 for the fiscal year ended January 31, 2024, compared to approximately $6,974,000 for the prior year[63] - Consolidated net income decreased to approximately $277,000 for the fiscal year ended January 31, 2024, down from $737,000 in the prior year, representing a decline of 62%[61] - Adjusted EBITDA for the fiscal year ended January 31, 2024, was approximately $1,335,000, down from $1,687,000 in the prior year[86] - FFO for the fiscal year ended January 31, 2024, was approximately $956,000, compared to $1,439,000 for the fiscal year ended January 31, 2023[87] - Total operating expenses rose to approximately $8,205,000 for the fiscal year ended January 31, 2024, reflecting an increase of $762,000 or 10% from $7,443,000 in the previous year[65] - The operating loss for the year ended January 31, 2024, was $720,976, compared to a loss of $297,335 in 2023, indicating a worsening of 142.73%[136] Future Outlook - The Trust expects continued growth in the travel industry and improved profitability for Fiscal Year 2025[51] - For Fiscal Year 2024, the Trust experienced substantial profit improvement and expects record profits and revenues for Fiscal Year 2025[58] - The company anticipates limited new hotel supply in its markets during fiscal year 2025, expecting continued revenue and operating margin growth[81] - During Fiscal Year 2024, the company experienced substantial increases in room rates to offset inflationary pressures, with continued rate increases expected in Fiscal Year 2025[104] Investment Activities - The Trust invested $1 million in UniGen Power, Inc., acquiring debentures convertible into 1 million shares and warrants for an additional 2 million shares[56] - The company has invested $1 million in UniGen Power, Inc., which is developing a new clean energy generation technology, with the investment structured as convertible debentures and stock[105] - The total potential stock ownership from the investment in UniGen could reach up to 3 million shares, representing approximately 20% of fully diluted UniGen equity[109] - The Trust holds a $1 million 6% convertible debenture in UniGen Power Inc. and approximately $633,750 in UniGen's privately-held common stock[142] - The Trust's investment in UniGen Power, Inc. is recorded at a cost of $633,750, with 540,000 shares owned as of January 31, 2024, reflecting the company's focus on long-term growth despite limited operations[174] - The Trust holds warrants to purchase up to 1,500,000 shares of UniGen Common Stock at exercise prices of $1.00 and $2.25 per share[220] - During the year ended January 31, 2023, the Trust exercised 221,250 warrants for a total of $315,000 for shares of UniGen[225] - Management believes the investment in UniGen at cost approximates fair value as operations remain stable[226] Dividends and Shareholder Equity - The Trust has declared uninterrupted annual dividends for 54 years, maintaining a conservative policy of $0.02 per share per Fiscal Year[39] - The Trust has paid uninterrupted dividends annually for 53 consecutive years, with a total annual dividend of $0.02 per share for fiscal years 2024 and 2023, amounting to $180,120 and $182,785 respectively[188] - The Trust's total shareholders' equity decreased to $2,654,912 in 2024 from $3,682,145 in 2023, a decline of 28.00%[134] - The Trust's equity position showed a deficit of $(1,117,071) as of January 31, 2024, compared to $(829,290) in 2023[213] Asset and Liability Management - Total assets decreased to $15,680,367 as of January 31, 2024, down from $17,019,972 in 2023, a decline of 7.86%[134] - Total liabilities decreased slightly to $13,025,455 in 2024 from $13,337,827 in 2023, a reduction of 2.34%[134] - Cash and cash equivalents decreased to $1,325,368 in 2024 from $2,111,383 in 2023, a decline of 37.06%[134] - The Trust's accounts payable and accrued expenses rose to $899,921 as of January 31, 2024, compared to $496,109 in 2023, indicating an increase of 81.5%[213] Operational Insights - The Trust's hotel operations are significantly impacted by overall economic conditions and travel industry dynamics, including inflationary pressures[49] - The Trust's hotel operations are affected by seasonality, with the Tucson Arizona Hotel experiencing the highest occupancy in the first fiscal quarter, while the Albuquerque New Mexico Hotel is most profitable during the second and third fiscal quarters[163] - The Trust's principal source of cash is revenues from hotel room reservations and management fees from its properties in Tucson, Arizona, and Albuquerque, New Mexico[157] - The Trust's liquidity is dependent on generating sufficient cash flow from hotel operations and potential asset sales[157] - The Trust's operations are vulnerable to risks such as travel disruptions and economic downturns, which could significantly impact revenues and profits[164] Strategic Initiatives - The Trust aims to market its two hotels over the next 12-36 months to obtain full market value, believed to be substantially higher than book values[52] - The company plans to sell its remaining two hotel properties, the Albuquerque Hotel and Tucson Oracle Hotel, with estimated market asking prices of $9.5 million and $18.5 million respectively, totaling $28 million[90] - The company aims to complete the sale of the hotels within 12-36 months but cannot guarantee favorable terms or successful sales[91] - The Trust is considering offers for the sale of its hotels, although neither hotel is currently listed for sale[147] - The Trust's strategic options include the potential sale or refinance of hotel properties, although favorable terms are not guaranteed[161][162] Accounting and Reporting - The company has no off-balance sheet financing arrangements or liabilities, ensuring transparency in its financial statements[94] - The Trust's accounting policies require management to make estimates that could affect reported amounts of assets and liabilities, highlighting the importance of accurate financial reporting[165][167] - For the fiscal years ended January 31, 2024 and 2023, the Trust had no allowance for doubtful accounts, indicating effective management of receivables[180] - The Trust's basic and diluted net income per share is calculated based on the weighted-average number of shares outstanding, with potential dilutive securities excluded from the calculation for fiscal years 2024 and 2023[189][190]